4 of 4 people found the following review helpful
- Published on Amazon.com
International bestseller, with over 1.5 million copies sold throughout our Earth! World-renowned economist Tim Harford (author) provides world-class, brilliant and/or incredible content in a sharp, easy-to-read, and insightful text. He is able to teach the most difficult concepts within the social science of "Economics," in a sharp, fun format of a text! Tim Harford (author) currently teaches the topic of Economics at Oxford University in the United Kingdom. An updated version, very-well written. Tim Harford (author) explains in a fun, in-depth, outstanding text what most world citizens understand and don't understand about the way the globalized economy functions.
Mind-boggling content. The most difficult elements involved withing the topic of economics, broken down in a sharp, fun text, easy to read, then comprehend nonfiction book. For example, the ideas of John Maynard Keynes (1883-1946) and Milton Friedman (1912-2006) are explained. Concrete, relevant examples in everyday life that are very intriguing are cited; showing the massive relevance of understanding how economics in our daily life. Outstanding for anyone searching for a clear, brilliant, luminous book on the role of economics in our 21st century - globalized society. Overall, a sharp text that explains the role of economics in our modern globalized economy.
Virtually every concept of macro-economics is explained in a fun manner. My favorite; "How much is your life worth?" (p.95). Tim Harford (author), states: "Individually, we constantly make decisions that put a value on our own environment, our own time, and even our own lives" (p.97). Discussing numerous examples: "If you decide you can't be bothered buying a smoke alarm, you have trade off a saved time and expense against an increases chance that you will die" (p.97), adding "nobody has your best interests at heart quite as much as you do yourself" (p.99).
Money well-spent. I read dozens of sources of financial news everyday! These include the Financial Times, Wall Street Journal, MarketWatch, Bloomberg, New York Time, plus many other sources. This nonfiction book is like all of the greatest nonfiction books on "Economics," thousands of hours of reading all the best sources, books, professionals, and teachers INTO ONE easy-to-read text. Timeless and very relevant to anyone's existence within our globalized economy. Part expose, part Economics class, everything in the field of economics is explained from traffic on the road to the price of your latte. Updated, grasping all the content additional information from 2008-2012 (Great Recession) + past history; the content is very important for any American, westernized citizen that is participating in worldwide commerce.
Superior content to any other modern "Economics" book. The language is easy and all of the material from inside the very difficult field of economics is explained with many fun anecdotes, and stories inside each of the chapters. The text allows an inside look for anyone inside the how field of "Economics." It's many functions. Pervasive, many topics are discussed in depth: health care, third-world sweatshops, immigration, price gouging, SEC fraud, market efficiency, poverty reduction, plus many other relevant subjects. How everything in the field of economics, these difficult to understand concepts do in fact shape our daily existences on this Earth. Overall a very good nonfiction book, highly recommended reading for anyone everyone in our modern globalized society that has an interest in finance, business administration, sociology, history, investing and/or social science. Tim Harford (author), one of the world's most respected economists. His gift, commentary on how the field of how economics applies too virtually every facet of our daily lives. Highly recommended!